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Ohio Department of Insurance OH-Life-Agent-Series-11-44 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: General Insurance Concepts12%- Types of insurers and market conduct
- Elements of insurance contracts
- Risk management and insurable interest
- Agent authority and responsibilities
Topic 2: Policy Provisions, Options & Riders22%- Standard policy provisions
- Nonforfeiture and settlement options
- Common policy riders
- Beneficiary designations
- Dividends, loans and withdrawals
Topic 3: Types of Life Insurance Policies12%- Group and credit life insurance
- Universal and indexed universal life
- Whole life and permanent life
- Term life insurance
Topic 4: Insurance Regulation12%- Disciplinary actions and penalties
- Resident and non-resident rules
- State and federal insurance laws
- Continuing education requirements
- Licensing requirements and maintenance
Topic 5: Federal Tax Considerations12%- Taxation of life insurance proceeds
- Tax treatment of annuities
- 1035 Exchanges and rollovers
- Modified Endowment Contracts (MECs)
Topic 6: Life Insurance Basics18%- Personal and business uses of life insurance
- Determining coverage amounts
- Viatical settlements and specialized plans
- Underwriting and policy issue
Topic 7: Annuities12%- Annuity principles and types
- Payment options and uses
- Immediate vs deferred annuities
- Fixed and specialty annuities

Ohio Department of Insurance OHIO Life Insurance Agent Series 11-44 Sample Questions:

1. The accumulated cash value of a whole life insurance policy becomes the

A) funds used to offset policy administration and conversion expenses.
B) amount used to purchase paid up additions to the insured's policy.
C) face amount payable upon the insured's death.
D) policy loan value upon which the insured may borrow.


2. It is unlawful for a person to provide an advertisement which

A) refers to the insurer's financial rating.
B) uses a policy title to inaccurately describe a coverage.
C) points out coverage advantages of a policy.
D) uses a testimonial.


3. Which of the following describes the process of selection, classification, and rating of risks?

A) claims experience
B) underwriting
C) cost containment
D) adverse selection


4. An agent's underwriting duties Include which of the following?

A) Setting premium amounts.
B) Issuing the policy.
C) Completing all applications and collecting initial premiums.
D) Declining or accepting an application.


5. Which activity does NOT require an Insurance agent's license?

A) negotiating
B) selling
C) underwriting
D) soliciting


Solutions:

Question # 1
Answer: D
Question # 2
Answer: B
Question # 3
Answer: B
Question # 4
Answer: C
Question # 5
Answer: C

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